Accounting & Bookkeeping: CA

Recently, we introduced our Year-End Survival KITs (KIT stands for Keep It Together) to small business owners (CA | US) and the accountants and bookkeepers (CA | US) who support them — but despite all the preparing you can do, we all still experience tough days from time to time. Even if you’re a member […]

There are few payroll tasks that feel as heavy and complex as having to let an employee go. It’s a critical time for any small business that requires an easy, fast and reliable process for generating a Record of Employment (ROE) so that employees can collect benefits quickly and employers can have the peace of […]

Quick Links Request the report Business resilience defined What the numbers and businesses say The 2021 Canadian Small Business Resilience Report. As we look back on the events of 2020 and the ongoing social and economic impacts, narratives will be dominated by the word “pandemic.” However, as our research has uncovered, conversations about the past […]

On January 27, 2021, Ian Vacin, Chief Customer Officer for Karbon, and Rachel Fisch, Strategic Advisor to Wagepoint held a webinar (online discussion) on the topic of “How compliance leads to advisory.” The truth is, you can’t have one without the other. Especially when it comes to small business payroll. As an accountant or bookkeeper, […]

As small businesses that work with accounting professionals are twice as likely to survive than those that don’t, the role of an accountant or bookkeeper is both valuable and multidimensional. The evolution of the digital age has significantly changed the business landscape in the accounting and bookkeeping industries. As the number of new applications increases, […]

In our fast-paced world, sometimes picking up the phone is the best way to ensure proper communication and get a problem resolved for our clients. Although you may not have time for a friendly chat, our friends at the Canada Revenue Agency (CRA) do. Emails are a frequent way to communicate on a timely basis, […]

As you reach the final months of any year, there’s the holiday period. (Insert any number of appropriately timed seasonal cliches here.) However, there’s also the process of closing the books on one year of business finances and planning to smooth out any kinks in the year ahead. For many small businesses, payroll is one […]

What is a Record Of Employment (ROE)? An ROE is used by Service Canada to determine if a person is eligible to receive Employment Insurance (EI) benefits. It details the insurable earnings collected by your employees during their time with your business. The system is designed to help regulate what the payout will be and […]

There is no question that payroll is one of the most important aspects of a construction business that needs to be managed effectively. The sheer size of construction projects, as well as a slew of tax regulations, make construction payroll a complex process. Plus, with a large workforce, payroll can be time-consuming and stressful. A […]

There are many reasons why you might want to change small business payroll providers. Your current solution might not be as automated as you like or you might not be feeling the love from customer support. (We hope that never happens with Wagepoint. If you’re ever feeling “unloved” — let us know cuz that shouldn’t […]

A Social Insurance Number (SIN) is a 9-digit form of identification that every individual residing and/or working in Canada must have in order to access government benefits, file income taxes and, most importantly, get paid. (Through the fate of acronyms, SIN also sounds a bit biblical.) A short timeline of the SIN. 1964 — SINs were […]

Unlike the provincial motto, “Gloriosus et liber” meaning “glorious and free,” there are very few things that are free when you own and/or operate a business in Manitoba. Enter the Health and Post-Secondary Education Tax Levy (HE Levy or HAPSET). What is the HE Levy? According to Information Bulletin HE 002, the HE Levy is a […]

You would think that once an employee has been let go, that would be that. But payroll is never just that simple. It’s not at all uncommon for employees to be paid after what was supposed to have been their final paycheck and after a Record of Employment has been issued. From the employee perspective, […]

Double Overtime is relevant to your company if any of the following applies, You’re a California, US-based company You’re a British Columbia, Canada based company You have employees who work in either of the above locations If none of the above applies to your business, you don’t have to worry about double overtime. You only […]

This blog post is written for Canadian businesses. U.S.-based companies should refer to How to Structure Paid Time Off Plans Like a Pro. Small business owners have a decision to make when it comes to Vacation Pay. As delightful as vacations can be, the complexities of vacation payroll can sometimes leave you wishing for a vacation […]